Israel is set to establish a national space research and development (R&D) laboratory with a significant investment of $11.7 million (40 million shekels). This initiative by the Israeli Innovation Authority and the Israel Space Agency aims to accelerate Israel’s entry into the global space market and support its burgeoning space industry.

• The lab will receive 40 million shekels (approximately $11.7 million) in government funding.
• The project is a joint effort by the Israeli Innovation Authority and the Israel Space Agency.
• Gila Gamliel, Israeli Minister of Innovation, Science and Technology, stated that the investment will enable Israeli companies to test technologies in space and boost international presence.